Whitecap Resources (TSE:WCP - Get Free Report) had its target price hoisted by stock analysts at Raymond James Financial from C$13.00 to C$14.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "strong-buy" rating on the stock. Raymond James Financial's price objective would indicate a potential upside of 30.23% from the company's current price.
Other analysts have also recently issued reports about the company. Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target for the company in a research report on Thursday, May 22nd. Desjardins lowered shares of Whitecap Resources from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. CIBC dropped their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. National Bankshares boosted their price target on shares of Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, National Bank Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$13.13.
Read Our Latest Analysis on WCP
Whitecap Resources Price Performance
Shares of WCP traded up C$0.18 during mid-day trading on Thursday, hitting C$10.75. 7,397,608 shares of the company were exchanged, compared to its average volume of 6,254,088. Whitecap Resources has a 1-year low of C$6.87 and a 1-year high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The company has a 50 day moving average of C$9.24 and a 200-day moving average of C$9.09. The stock has a market cap of C$6.28 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.
Insider Activity at Whitecap Resources
In other Whitecap Resources news, Director Bradley John Wall purchased 11,500 shares of Whitecap Resources stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of C$8.77 per share, with a total value of C$100,855.00. Also, insider Whitecap Resources Inc. sold 619,983 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of C$8.72, for a total value of C$5,406,251.76. Insiders have purchased 70,000 shares of company stock worth $599,180 in the last quarter. Company insiders own 0.84% of the company's stock.
About Whitecap Resources
(
Get Free Report)
Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets.
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